Donald Trump Blames Midterm Results for $3 Trillion Wall Street Loss

President Donald Trump blamed the results of the U.S. midterm elections for a Wall Street rout that erased roughly $3 trillion in market value on November 5. In a post dated November 8, shared via The Kobeissi Letter, he called the election outcome “a giant step back in history.” The sell-off followed a rally on November 4 when investors initially welcomed the results. On November 5, the Nasdaq Composite dropped 5.52% to close at 24,315, joining broader weakness as investors questioned AI spending and data center expansion plans, with the S&P 500 losing about $3 trillion.